All Forum Posts by: Cole Oliver

Hello, 

I am currently under contract on two duplexes (4 units) and am set to close next week. However, this will be the first property I have bought in which I will inherit the current tenants. I plan to be raising the rents on them because they are currently paying about 40% under fair market rent. The area I live in has no restrictions on how much you can raise the rent, but I will not be raising them all the way to what each unit should be renting for because they are great tenants. I was able to walk through each unit last week and was blown away with how nice each tenants keeps their home. So, I want to keep them in place. 

With that being said, I am curious to know what the next steps are for you all in a similar situation? For example, I am wanting to send them a welcome letter introducing myself and letting them know some of the changes that will be happening in the coming months. Do any of you have a template you could share with me for this? Or is there anything else you would send them (besides getting a new lease signed obviously)? 

Thanks for any and all feedback.

- Cole

Hello all,

I am looking for some advice. I am a rookie investor who has been actively searching the market to find my first property to purchase. I am going to begin driving for dollars and plan to target the worst houses in the best neighborhoods, as well as houses owned by someone out of state. I want to write a letter to ask the owners if they'd be interested in selling their house to me, but I am unsure what all I should include in this letter. What are some things you include in your direct mail  letters to increase call backs from owners? I would love to hear any tips you have.

@Gary Nelson sweet sounds good.

@Caleb Lea sure did! Did you?

Hello! My name is Cole Oliver. I am one year out of college and have started a career as a teacher however I would love to dive into the real estate game but don’t have any experience or mentors to help me in this endeavor.

I live in SW Missouri, specifically the Branson area and would love to know if there are any other investors in this area that would want to connect and be generous enough to share some of your expertise with a newbie?